Cheesecake Factory Is in an Uptrend

Filed under: Cheesecake Factory (CAKE), Stocks to Buy

Cheesecake Factory's (CAKE) stock has broken out of a trading range, and that's one major reason I'm reiterating my buy rating for the company's shares, first recommended on June 25, 2009, at a price of $16.30.

The U.S.'s frugal consumer era has hit the restaurant sector hard, and there will be many chain restaurant casualties, but Cheesecake won't be one. Don't expect anything spectacular from CAKE in FY2010 -- flattish to slightly higher same-store sales, and only a slight increase in revenue, with most likely a net zero increase in restaurants operated.

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Cheesecake Factory Is in an Uptrend originally appeared on BloggingStocks on Sun, 27 Dec 2009 16:20:00 EST. Please see our terms for use of feeds.

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